Global Helicopter Forecast
C&P untapped demand is rising Key world economies are still underequipped TOP 10 Countries in 2016 ( H/C fleet in service) U.S.A. Russia Canada Brazil Australia United Kingdom Italy Japan France Germany 0 5000 #11 China TOP 10 World economies in 2016 GDP @PPP* China U.S.A India Japan Germany Russia Indonesia France United Kingdom Brazil TOP 10 World economies in 2036 GDP @PPP China India U.S.A. Indonesia Japan Turkey Germany Mexico Brazil Russia In the last 5 years Chinese fleet x 2.7 In 2016, with more than 100 bookings (all OEMs) China booked more helicopters than any other country 2 *Purchasing power parity
Helicopters address primary and secondary human needs Helicopters help Social development Economic development Public Services EMS Energy Commercial Private to protect populations to save lives to transport passengers to remote areas to build in remote areas to deploy rapidly to reach places that jets can t Make your life easier 3
All OEMs C&P helicopter business A global business volume of 370 Bn 20 year global turbine helicopter business volume (2017 2036): 245 Bn 34% Spares & Components 155 125 Bn % Value 66% Labor 90 Airframe & engine 125 H/c deliveries Customer service business accounting for an average of 65% of the total C&P market
Over the next 20 years, the C&P market will represent nearly 22,000 units Representing 125 Bn We expect ~ 22,000 new helicopters in all market segments by 2036 Light & Single engine Light & Medium Twin (< 7 tons) Super Medium & Heavy (> 7 tons) 50% (units) 17% (value) 35% (units) 45% (value) 15% (units) 38% (value) 5
Evolution of the C&P in-service fleet Expected to grow by almost 50% over the next 20 years 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 C&P helicopter fleet in service: 1973 1 st oil crisis 1979 2 nd oil crisis 1987 Black Monday 1997-98 Asia, Brazil, Argentina Russia 1995-2005 2.3% CAGR 2001 W.T.C. 2008-09 Global recession 2005-2015 2.6% CAGR Forecast 2016-2020 1.61% CAGR 2017-2036 2.08% CAGR (Compound annual growth rate) 0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2039
Demand driven by growth Significant part of today s helicopters will remain in service 20 years from now Fleet growth in units: ~37,000 Growth Replacement ~25,000 ~22,000 New 57% 43% Today ~15,000 Stay in service 2016 2036
New C&P helicopter deliveries 2017-2036 Demand driven by North American replacement needs and new demand in Asia-Pacific region USA / Canada 23% ~5,000 ~4,000 Europe 18% World demand units Latin America ~2,000 Africa & Middle East 9% ~8,000 Asia/Pacific 36% ~3,000 14%
Key highlights Market demand for almost 22, 000 helicopters over the next 20 years supported by robust economic and social drivers Emerging regions will drive the global demand for growth while replacement needs will essentially come from mature regions Potential short/midterm increase in the case of faster deregulation and infrastructure implementation in emerging regions
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